Letters of Credit and Letters of Guarantee

Expand your local and international deals with the highest standards of guaranteed security

The most advanced banking services specialized in Letters of Credit and Letters of Guarantee with high standards of guaranteed security

Jordan Ahli Bank keeps pace with the development of business and investment projects, locally and internationally, and offers the latest in banking services specialized in Letters of Credit and Letters of Guarantee giving businessmen and investors the highest levels of guaranteed security

Letter of Credit

This is a financing commitment issued by the bank upon request of the importer to guarantee the payment for imported goods to the exporter, if specific conditions are met. A Letter of Credit usually contains a summarized description of the goods, the required documents, shipping date, and the payment due date.

Letter of Guarantee

This is a written commitment issued by the bank upon request of the applicant (the customer who has entered a contract) to the beneficiary (the second party) guaranteeing the fulfillment of specific financial obligations according to the contract made between the applicant and the beneficiary. The Letter of Guarantee must clarify the amount and the validity period of the guarantee.

Uses of Letters of Credit and Letters of Guarantee

Letters of Credit

  • For the Seller: Guarantee that payments will be made on time and for the correct amount. It is a very secure method of payment to exporters when all conditions are met, as the risk of the buyer’s inability to pay is covered by the bank.
  • For the Buyer: Guarantee that the seller will deliver promised goods and will not be paid until the bank receives confirmation that goods have been shipped.

Letters of Guarantee

This banking instrument establishes strong trade ties, giving customers and importers endorsement by making it clear that the payment will be made by a credible financial institution (the bank), as well as creating more opportunities for investment.

Features of using Letters of Credit and Letters of Guarantee

Jordan Ahli Bank issues a variety of Letters of Guarantee such as Tender Guarantee, Performance Guarantee, Advance Payment Guarantee, and Maintenance Guarantee. We also offer the following features:

  • All kinds of Letters of Credit, whether they are at sight or for deferred payments
  • Competitive rates for issuing Letters of Credit and Letters of Guarantee 
  • Financing of Letters of Credit whether they are at sight or deferred
  • Letters of Credit and Letters of Guarantee are approved and processed within a few days
  • Flexibility of use and for a range of traded goods
  • Specifying goods according to your financing needs
  • Access to our international network that is spread around the world
  • Personalized banking services with an assigned Relationship manager in charge of your account with us

How to get apply for the “Letters of Credit” or “Letters of Guarantee”:

  1. You can visit any Ahli Branch or Business Center throughout Jordan 
  2. Or contact our Call Center at +962 6 500 7777

“Letters of Credit” and “Letters of Guarantee” apply to:

Letters of Credit

If you are a trader who regularly imports and exports goods; you will need Letters of Credit to guarantee the delivery of goods and to avoid fraudulent deals. 

Letters of Guarantee

Before entering a contract, you may be required to provide a guarantee from a third party (usually the bank) to reassure the benefactor of your commitment to follow through with your end of the contract.

*Bank Terms and Conditions apply

*The bank reserves the right to ask for further documents if necessary

How to get the service
Do you need help?

Contact Us: +96265007777

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